Wrapping Equipment Market report provides key statistics on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Wrapping Equipment Market.

About Wrapping Equipment

Wrapping machine is an automatic or semi-automatic machine used to wrap mass product articles (such as biscuits, chocolates, and others) and large bag articles (such as pet food and cement), as well as aid in palletizing across industries. The report covers only secondary wrapping of large bundled products using stretch and shrink wrapping equipment. The stretch and shrink secondary wrapping segment is growing steadily, because it requires less space in a warehouse compared with corrugated boxes, which is a popularly used across end-users. A single pallet wrapping can hold as much as the 16 packs of corrugated boxes. The price of stretch and shrink films is another key contributing factor aiding the growth of this market. The raw materials used for stretch and shrink wrapping are stretch and shrink films, which are cheaper compared with the raw materials used for other forms of wrapping.

Market analysts forecast the global wrapping equipment market to grow at a CAGR of 6.40% during the period 2017-2021.

In the next part of Wrapping Equipment Market research report, development policies and plans are discussed. This report also states growing domain, production and revenue by regions. The Wrapping Equipment Market forecast to 2021 Considering Market Size, Sales, Revenue, Growth rate, Price and Trends for Regions, Types and Applications is also provided.